Vasta to acquire Editora Eleva
Company”) (NASDAQ: VSTA) today announced the execution by its subsidiary, Somos Sistemas de Ensino S.A. (“ Somos Sistemas”), of a Sale and Purchase Agreement to acquire (the “ Acquisition”), subject to certain conditions precedent, Editora Eleva S.A. (“ Editora Eleva”), a K-12 education platform provider, from Eleva Educação S.A. (“ Eleva”). As consideration for the Acquisition, Vasta will pay a purchase price amounting to R$ 580 million, subject to certain price adjustments, in installments over a 5-year period (each installment adjusted by the positive variation of the ...
Source: globenewswire.com